China Artificial Organs Market to Witness Substantial Growth through 2025

Increasing pool of patients suffering from organ failures and technological advancements in the bionics to drive China artificial organs market

According to TechSci Research report, “China Artificial Organs MarketBy Organ Type (Artificial Heart (Prosthetic Heart Valves, Ventricular Assist Devices, Cardiac Pacemakers), Artificial Kidney, Artificial Pancreas, Artificial Lungs, Cochlear Implants, Others), By Technology (Electronic Bionics, Mechanical), By Type of Fixation (Wearable, Implantable), By Material Type (Silicon, Plastic, Steel), By Region, Forecast & Opportunities, 2025”, the market is anticipated to witness significant CAGR during the forecast period owing to the increasing ageing population which is more prone to one or multiple organ failure. Additionally, technological advancements in bionics sector of China is one of the key factors supporting the growth of this market. Further, increasing incidents of road accidents and severe injuries is posing a major demand for organ donations, which is propelling the growth of artificial organs market. The lack of sufficient number of organs donners is expected to drive the market growth by 2025. Additionally, increasing per capita income of China is enabling patients to opt for artificial organ transplant. Moreover,  manufacturers are also using bioartificial materials which has led to wide acceptance of artificial organs in the country. With a long pool of patients waiting for organ donations, the market is witnessing huge demand for artificial organs in order to reduce the mortality rate. Furthermore, China is also witnessing high prevalence of chronic disorders affecting one or multiple vital organs, which is anticipated to act as a major factor supporting the growth of artificial organs market over the coming years.

However, artificial organs market in China is also facing some restrains. Presence of stringent regulatory framework for the use of artificial organs and bionics in the country is expected to limit the growth of this market. Further, significant rise in cases of product failure after transplantation has led to criticism and fear among patients. Moreover, high cost of artificial organs is also acting as a key factor restraining the growth of this market in China.

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The China artificial organs market is segmented based on organ type, technology, type of fixation, material type and region. Based on organ type, the market is segmented into artificial heart, artificial kidney, artificial pancreas, artificial lungs, cochlear implants and others. Among these, the artificial heart segment is further categorized into prosthetic heart valves, ventricular assist devices and cardiac pacemakers. In China, there is an increasing demand for artificial kidneys owing to the growing number of patients suffering from kidney disorders, owing to which, the segment is expected to dominate the market over the coming years. Based on material type, the China artificial organs market is categorized into silicon, plastic and steel. Among them, the silicon segment is anticipated to undergo fastest growth during forecast period owing to their increasing acceptance. Additionally, silicon based artificial organs are capable of enduring high temperature, hence manufacturers are using them as the key material for manufacturing artificial organs.

Major players operating in the China artificial organs market include Chengdu Baishixing Science & Technology Industry Co Ltd, Regenovo Biotechnology, Sonova Holding Ltd, Cyfuse Biomedical, Nipro Corporation, Medtronic, Boston Scientific Corporation, Terumo Corporation, Tibion Corporation and Beta-O2. Leading companies are developing new organs from lab cultured cells instead of using mechanical components. Other growth strategies include mergers & acquisitions.

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“China is one the leading markets for artificial organs in Asia-Pacific region. The market is witnessing entry of new manufacturers who are using natural biomaterials such as nanocomposites, polymers, and ceramics to manufacture artificial organs. With latest technology and advancement in medical sector, new biomaterials are being developed to create artificial organs. This is anticipated to reduce the cases of product failure and reaction after organ transplantation among the patients,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“China Artificial Organs Market By Organ Type (Artificial Heart (Prosthetic Heart Valves, Ventricular Assist Devices, Cardiac Pacemakers), Artificial Kidney, Artificial Pancreas, Artificial Lungs, Cochlear Implants, Others), By Technology (Electronic Bionics, Mechanical), By Type of Fixation (Wearable, Implantable), By Material Type (Silicon, Plastic, Steel), By Region, Forecast & Opportunities, 2025”has evaluated the future growth potential of China artificial organs market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in China artificial organs market.

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